General Urban Waterloo Updates and Rumours

[tomh009]

I had not heard of any deals.

And I don't know by what mechanism the owner of the shops in uptown could stop it.

But it is a foregone conclusion that the owner would oppose such a development.

Do you have any other details? Where did you hear this?

I have a few details. It's multiple residential towers (i think 4-5?), and the owner is stopping progress because they have a lease on the parking spots and don't want them affected or moved.

That becomes a simple contractual issue, then. If the owner wants to break the lease, the contract will state the terms and conditions for doing that. And the landowner of course has the option of sufficiently compensating the lessee for the loss of the parking spots to convince them to relinquish the lease. This may (or may not) have NIMBY logic behind it, but having a lease means that the landlord cannot arbitrarily break it.